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GBPAUD Analysis on Daily - for Samit




Our Story.

  1. There are two Support Levels coming from the left (not visible on chart)

  2. We are also sitting in between 50 and 61.8 Fib coming from the monthly chart

  3. Very Very High Volume with Small Pip Move - Buying is coming in.

  4. Very High SI of 64.3 at the bottom nothing like that on all the down moves - that's a change in behavior - Buying is already there.

All the incredients point for Long , but this could start ranging for a while and we do not take decisions to enter by looking at the Daily , we analyze lower timeframes . Furthermore since our strategy is to "FOLLOW" the smartmoney, let them do what the they have to do and then follow - so let's see some nice up waves on 1HR or 4HR.


Enjoy the Magic of Speed Index!!!

4 comments

4 Comments


TD DEV
TD DEV
Jul 02, 2020

Thank you for your kind words Samit. I am just trying to help people.

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You are the master craftsman...we are your apprentices

In India we call that relationship 'Guru' and "disciple'...and we watch and learn

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TD DEV
TD DEV
Jul 02, 2020

Correct Samit these are Support Lines - Labeled wrong on the chat. - Forgive me I do that all the time.

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Thank you very much Panagiotis...thats brilliant


Just one little thing, in point no 1 did you mean 2 support lines coming from left ?

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